Click here to close now.

Welcome!

.NET Authors: Elizabeth White, Liz McMillan, Greg O'Connor, Jason Bloomberg, Jayaram Krishnaswamy

News Feed Item

Westell Technologies Reports Fiscal Third Quarter Results

Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of telecommunications equipment for wireline, wireless and home networks, today announced results for its fiscal 2013 third quarter ended December 31, 2012. Consolidated revenue from continuing operations was $8.9 million. The net loss for the quarter was $2.0 million, equal to $0.03 per share. The non-GAAP net loss for the third quarter was $1.4 million, equal to $0.02 per share.

New Products Lift Division Revenues, Reflect Growth Strategy

“The most important takeaway for the quarter is the growing acceptance of the new wireless network products that we have brought to market over the last year,” said Chairman and CEO Rick Gilbert. “In the face of a seasonally slow quarter, sales of these new lines increased significantly and were the primary reason for the 16% year-over-year growth in Westell Division revenue.”

“This validates our growth strategy to expand and diversify Westell's revenue by using new products to build market share,” Gilbert explained. “We intend to add products for wireless networks through internal development, which is driven by customer feedback, and fold-in acquisitions. Realigning our sales efforts has fueled our momentum, and our advances should be supported by making steady progress in qualifying new products with additional customers.”

Westell's new products for wireless networks include distributed antenna systems (DAS) products, Ethernet network interface units and switches, and tower-mounted amplifiers. These new products contributed 11% of total revenue during the fiscal 2013 third quarter.

Lower Consolidated Results Reflect Wind-Down of Non-Core Business

Consolidated revenue from continuing operations for the latest quarter was $8.9 million, compared to $14.4 million in the prior-year period. The decrease reflected the planned wind-down of sales in the company's Customer Networking Solutions (CNS) Division.

The net loss for the third quarter was $2.0 million, equal to $0.03 per share, compared to net income of $19.8 million, equal to $0.29 per share, in the same quarter last year. Prior-year net income included $20.3 million of income from discontinued operations that related to the Conference Plus Division, including a gain on the sale of the division. The latest quarter included a $0.6 million loss from discontinued operations, which reflected charges associated with a pending indemnity claim, partially offset by an unrelated tax benefit. On a non-GAAP basis, net loss for the fiscal 2013 third quarter was $1.4 million, equal to $0.02 per share, compared to a non-GAAP net loss of $0.5 million, equal to $0.01 per share, in the year-ago quarter.

Westell Division Benefits from New and Traditional Product Sales

Revenue for the Westell Division was $8.9 million in the fiscal third quarter, up 16% from $7.7 million in the prior-year period. The increase was driven primarily by sales of new products, although traditional product categories also improved. Gross margin was 34.8% and was comparable to the prior-year period. Operating expenses were $4.4 million, up $1.1 million from the prior-year period, reflecting higher cost allocations and increases to support sales and development of new products. On this basis, the division reported a fiscal third quarter operating loss of $1.3 million, compared to an operating loss of $0.6 million in the same quarter of the prior year.

The CNS Division recorded revenue of $0.1 million in the fiscal third quarter, compared to $6.7 million in the same quarter last year. The decline reflects completion of the planned wind-down of sales to the division's remaining customer following the CNS sale transaction. CNS operating expenses in the most recent quarter declined to $0.4 million as a result of reducing project expenditures following the limited product release for HomecloudTM on September 26, 2012.

Strong Cash Position Helped Fund Share Repurchases

Total cash and short-term investments on December 31, 2012, were $119.2 million, compared to $124.4 million at September 30, 2012. The company repurchased 1.4 million shares at a cost of $2.9 million during the latest quarter.

Conference Call Information

Management will address financial and business results during its third quarter conference call on Tuesday, February 5, 2013, at 9:30 AM Eastern Time. Participants may register for the call at http://www.conferenceplus.com/westell. After doing so, they will receive a dial-in number, a passcode, and a personal identification number (PIN) that automatically joins them to the audio conference. Those who do not wish to register may participate in the call by dialing 888-206-4065 no later than 9:15 AM Eastern Time and using confirmation number 3406 9774#. International participants may dial 630-827-5974.

This news release and related information that may be discussed on the conference call will be posted on the Investor News section of Westell's website: http://www.westell.com. An archive of the entire call will be available on the site via Digital Audio Replay by approximately noon Eastern Time after the call ends. The replay of the conference also may be accessed by dialing 888-843-7419 or 630-652-3042 and entering 6887 757 #.

About Westell

Westell Technologies, Inc., headquartered in Aurora, Illinois, designs, distributes, markets and services a broad range of carrier-class communications equipment. This includes digital transmission, remote monitoring, power distribution, demarcation and cell-site optimization products used by wireline and wireless telecommunications service providers, industrial customers, and home network users. For more information, please visit http://www.westell.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

Certain statements contained herein that are not historical facts or that contain the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “may,” “will,” “plan,” “should,” or derivatives thereof and other words of similar meaning are forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, product demand and market acceptance risks, need for financing and capital, economic weakness in the United States (“U.S.”) economy and telecommunications market, the effect of international economic conditions and trade, legal, social and economic risks (such as import, licensing and trade restrictions), the impact of competitive products or technologies, competitive pricing pressures, customer product selection decisions, product cost increases, component supply shortages, new product development, excess and obsolete inventory, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the ability to successfully consolidate and rationalize operations, the ability to successfully identify, acquire and integrate acquisitions, the effect of the company's accounting policies, retention of key personnel and other risks more fully described in the company's SEC filings, including the Form 10-K for the fiscal year ended March 31, 2012, under Item 1A - Risk Factors. The company undertakes no obligation to publicly update these forward-looking statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, or otherwise.

Financial Tables to Follow:

       
 
 

Westell Technologies, Inc.

Condensed Consolidated Statement of Operations

(Amounts in thousands, except per share amounts)

(Unaudited)

 
Three Months Ended December 31, Nine Months Ended December 31,
2012     2011 2012     2011
Revenue $ 8,928 $ 14,392 $ 29,380 $ 58,321
Gross profit 3,143 4,263 10,387 18,850
Gross margin 35.2 % 29.6 % 35.4 % 32.3 %
Operating expenses:
Sales & marketing 1,807 1,414 5,515 5,108
Research & development 1,754 1,797 5,515 5,865
General & administrative 2,124 1,707 7,368 5,625
Restructuring (2 ) 149 275
Intangibles amortization 236   136   656   413  
Total operating expenses 5,921   5,052   19,203   17,286  
Operating income (loss) (2,778 ) (789 ) (8,816 ) 1,564
Gain on CNS asset sale 31,654
Other income 43 106 134 201
Interest (expense)   (37 )   (42 )
Income (loss) before income taxes and discontinued operations (2,735 ) (720 ) (8,682 ) 33,377  
Income tax benefit (expense) 1,399   268   3,431   (11,108 )
Net income (loss) from continuing operations (1,336 ) (452 ) (5,251 ) 22,269  
Income (loss) from discontinued operations, net of income tax (629 ) (1) 20,254   (629 ) (2) 22,161  
Net income (loss) $ (1,965 ) $ 19,802   $ (5,880 ) $ 44,430  
Basic earnings per share:
Net income (loss) from continuing operations $ (0.02 ) $ (0.01 ) $ (0.09 ) $ 0.33
Net income (loss) from discontinued operations (0.01 ) 0.30   (0.01 ) 0.33  
Net income (loss) $ (0.03 ) $ 0.30   $ (0.10 ) $ 0.66  
Diluted earnings per share:
Net income (loss) from continuing operations $ (0.02 ) $ (0.01 ) $ (0.09 ) $ 0.32
Net income (loss) from discontinued operations (0.01 ) 0.30   (0.01 ) 0.32  
Net income (loss) $ (0.03 ) $ 0.29   $ (0.10 ) $ 0.65  
Average number of common shares outstanding:
Basic 58,693 66,411 60,541 67,390
Diluted 58,693 67,332 60,541 68,656
 
(1)   The company sold ConferencePlus on December 31, 2011. In the quarter ended December 31, 2012, the company recorded an after-tax charge of $0.9 million for a pending indemnification claim related to the ConferencePlus sale transaction and an unrelated tax benefit of $0.3 million that resulted from finalizing income tax filings related to the sale.
 
 
 

Westell Technologies, Inc.

Condensed Consolidated Balance Sheet

(Amounts in thousands)

(Unaudited)

       
December 31, 2012 March 31, 2012
Assets:
Cash and cash equivalents $ 89,823 $ 120,832
Restricted cash 4,104 7,451
Short-term investments 25,223 14,455
Accounts receivable, net 4,936 5,710
Inventories 11,507 9,906
Prepaid expenses and other current assets 2,620 1,456
Deferred income taxes 2,576   1,859
Total current assets 140,789 161,669
Property and equipment, net 1,143 1,197
Goodwill 2,860 801
Intangibles, net 5,299 2,728
Deferred income taxes 33,719 30,740
Other assets 509   291
Total assets $ 184,319   $ 197,426
Liabilities and Stockholders’ Equity:
Accounts payable $ 4,116 $ 3,142
Accrued expenses 4,552   3,328
Total current liabilities 8,668 6,470
Tax contingency reserve long-term 3,484 3,483
Contingent consideration long-term 2,221
Other long-term liabilities 968   1,109
Total liabilities 15,341 11,062
Total stockholders’ equity 168,978   186,364
Total liabilities and stockholders’ equity $ 184,319   $ 197,426
 
 
 

Westell Technologies, Inc.

Condensed Consolidated Statement of Cash Flows

(Amounts in thousands)

(Unaudited)

 
Nine Months Ended December 31,
2012       2011
Cash flows from operating activities:
Net income (loss) $ (5,880 ) $ 44,430
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization 1,023 1,781
Stock-based compensation 1,062 922
Gain on CNS asset sale (31,654 )
Gain on Sale of ConferencePlus, net of tax (19,980 )
Restructuring 149 942
Deferred taxes (3,696 ) 13,999
Other (7 ) (305 )
Changes in assets and liabilities:
Accounts receivable 772 12,671
Inventory (1,286 ) 623
Accounts payable and accrued expenses 1,064 (26,573 )
Other (1,406 ) 177  
Net cash provided by (used in) operating activities (8,205 ) (2,967 )
Cash flows from investing activities:
Net purchases of short-term investments and debt securities (10,768 ) (20,219 )
Proceeds from CNS asset sale 36,683
Proceeds from the sale of ConferencePlus, net of cash transferred 40,331
Payment for business acquisition (2,524 )
Purchases of property and equipment, net (305 ) (779 )
Proceeds from the sale of non-operating assets 325
Changes in restricted cash 3,347   (7,449 )
Net cash provided by (used in) investing activities (10,250 ) 48,892  
Cash flows from financing activities:
Purchase of treasury stock (12,642 ) (12,553 )
Proceeds from stock options exercised 85   1,600  
Net cash provided by (used in) financing activities (12,557 ) (10,953 )
Effect of exchange rate changes on cash 3   (128 )
Net increase (decrease) in cash (31,009 ) 34,844
Cash and cash equivalents, beginning of period 120,832   86,408  
Cash and cash equivalents, end of period $ 89,823   $ 121,252  
 
 
 

Westell Technologies, Inc.

Segment Statement of Operations

(Amounts in thousands)

(Unaudited)

 
Three Months Ended December, 2012
Westell       CNS       Unallocated       Total
Revenue $ 8,873 $ 55 $ $ 8,928
Gross profit 3,090 53 3,143
Gross margin 34.8 % 96.4 % 35.2 %
Operating expenses:
Sales & marketing 1,862 (55 ) 1,807
Research & development 1,331 423 1,754
General & administrative 938 (11 ) 1,197 2,124
Restructuring
Intangibles amortization 234   2     236  
Total operating expenses (1) 4,365   359   1,197   5,921  
Operating income (loss) $ (1,275 ) $ (306 ) (1,197 ) (2,778 )
Other income 43   43  
Income (loss) before income taxes before discontinued operations (1,154 ) (2,735 )
Income tax benefit (expense) 1,399   1,399  
Net income (loss) from continuing operations $ 245   $ (1,336 )
 
 
  Three Months Ended December 31, 2011
Westell       CNS       Unallocated       Total
Revenue $ 7,674 $ 6,718 $ $ 14,392
Gross profit 2,650 1,613 4,263
Gross margin 34.5 % 24.0 % 29.6 %
Operating expenses:
Sales & marketing 1,269 145 1,414
Research & development 1,223 574 1,797
General & administrative 649 200 858 1,707
Restructuring (2 ) (2 )
Intangibles amortization 135   1     136  
Total operating expenses (2) 3,276   918   858   5,052  
Operating income (loss) $ (626 ) $ 695   (858 ) (789 )
Other income 106 106
Interest (expense) (37 ) (37 )
Income (loss) before income taxes before discontinued operations (789 ) (720 )
Income tax benefit (expense) 268   268  
Net income (loss) from continuing operations $ (521 ) $ (452 )
 
(1)   Includes $0.3 million and $0.0 million of depreciation and amortization expense from the Westell and CNS segments, respectively.
(2) Includes $0.3 million and $0.0 million of depreciation and amortization expense from the Westell and CNS segments, respectively.
 
 
 

Westell Technologies, Inc.

Segment Statement of Operations

(Amounts in thousands)

(Unaudited)

 
Nine Months Ended December 31, 2012
Westell       CNS       Unallocated       Total
Revenue $ 28,145 $ 1,235 $ $ 29,380
Gross profit 9,312 1,075 10,387
Gross margin 33.1 % 87.0 % 35.4 %
Operating expenses:
Sales & marketing 5,568 (53 ) 5,515
Research & development 4,216 1,299 5,515
General & administrative 3,232 531 3,605 7,368
Restructuring 149 149
Intangibles amortization 652   4     656  
Total operating expenses (1) 13,817   1,781   3,605   19,203  
Operating income (loss) $ (4,505 ) $ (706 ) (3,605 ) (8,816 )
Other income 134   134  
Income (loss) before income taxes before discontinued operations (3,471 ) (8,682 )
Income tax benefit (expense) 3,431   3,431  
Net income (loss) from continuing operations $ (40 ) $ (5,251 )
 
 
  Nine Months Ended December 31, 2011
Westell       CNS       Unallocated       Total
Revenue $ 32,920 $ 25,401 $ $ 58,321
Gross profit 13,090 5,760 18,850
Gross margin 39.8 % 22.7 % 32.3 %
Operating expenses:
Sales & marketing 4,197 911 5,108
Research & development 3,829 2,036 5,865
General & administrative 2,071 751 2,803 5,625
Restructuring 275 275
Intangibles amortization 410   3     413  
Total operating expenses (2) 10,507   3,976   2,803   17,286  
Operating income (loss) $ 2,583   $ 1,784   (2,803 ) 1,564
Gain on CNS asset sale 31,654 31,654
Other income 201 201
Interest (expense) (42 ) (42 )
Income (loss) before income taxes before discontinued operations 29,010   33,377  
Income tax benefit (expense) (11,108 ) (11,108 )
Net income (loss) from continuing operations $ 17,902   $ 22,269  
 
(1)   Includes $1.0 million and $0.0 million of depreciation and amortization expense from the Westell and CNS segments, respectively.
(2) Includes $0.7 million and $0.1 million of depreciation and amortization expense from the Westell and CNS segments, respectively.
 
 
 

Westell Technologies, Inc.

Reconciliation of GAAP to non-GAAP Financial Measures

(Amounts in thousands, except per share amounts)

(Unaudited)

       
Three Months Ended December 31, Nine Months Ended December 31,
2012       2011 2012       2011
GAAP net income (loss) $ (1,965 ) $ 19,802 $ (5,880 ) $ 44,430
Adjustments:
CNS asset sale, net of tax (1) (20 ) 316 (18,963 )
Income tax benefit (2) (2,101 )
(Income) loss from discontinued operations, net of income tax (3) 629   (20,254 ) 629   (22,161 )
Total adjustments 609   (20,254 ) 945   (43,225 )
Non-GAAP net income (loss) $ (1,356 ) $ (452 ) $ (4,935 ) $ 1,205  
GAAP net income (loss) per common share:
Basic $ (0.03 ) $ 0.30 $ (0.10 ) $ 0.66
Diluted $ (0.03 ) $ 0.29 $ (0.10 ) $ 0.65
Non-GAAP net income (loss) per common share:
Basic $ (0.02 ) $ (0.01 ) $ (0.08 ) $ 0.02
Diluted $ (0.02 ) $ (0.01 ) $ (0.08 ) $ 0.02
Average number of common shares outstanding:
Basic 58,693 66,411 60,541 67,390
Diluted 58,693 67,332 60,541 68,656
 
 

The company conforms to U.S. Generally Accepted Accounting Principles (GAAP) in the preparation of its financial statements. This schedule reconciles the company’s GAAP net income to adjusted net income on a non-GAAP basis. Management believes that these non-GAAP results provide meaningful supplemental information to investors and indicate the company's core performance and that they facilitate comparison of results across reporting periods. The company uses these non-GAAP measures when evaluating its financial results. Non-GAAP measures should not be viewed as a substitute for the company’s GAAP results.

(1)   On April 15, 2011, the company sold certain assets and transferred certain liabilities of the CNS segment. The adjustments remove the gain on the sale, costs associated with the transaction, and related income tax effects. Fiscal year 2013 amounts reflect the costs of a resolution of a dispute related to the CNS sale.
(2) Benefit resulting from the release of a reserve for income taxes.
(3) On December 31, 2011, the ConferencePlus Division was sold. In the quarter ended December 31, 2012, the company recorded an after-tax charge of $0.9 million for a pending indemnification claim related to the ConferencePlus sale transaction and an unrelated tax benefit of $0.3 million that resulted from finalizing income tax filings related to the sale. Historical results of operations of ConferencePlus are presented as discontinued operations.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that On the Avenue Marketing Group, a sales and marketing firm that utilizes events to market and sell products to consumers, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. On the Avenue Marketing Group (OTA) is a sales and marketing firm that utilizes events to market and sell products to consumers. On behalf of our clients, we attend thousands of fairs, festivals, expos, concerts, conferences, and sporting events annually, helping them reach millions of individuals ...
SYS-CON Events announced today that BroadSoft, the leading global provider of Unified Communications and Collaboration (UCC) services to operators worldwide, has been named “Gold Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Company’s core communications platform enables the delivery of a range of enterprise and consumer calling...
SYS-CON Events announced today that ActiveState, the leading independent Cloud Foundry and Docker-based PaaS provider, has been named “Silver Sponsor” of SYS-CON's DevOps Summit New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. ActiveState believes that enterprises gain a competitive advantage when they are able to quickly create, deploy and efficiently manage software solutions that immediately create business value, but they face many challenges that prevent them from doing so. The Company is uniquely positioned to help address these challenges thro...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
SYS-CON Events announced today that Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® and DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo® and DevOps Summit 2015 Silicon Valley, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and sim...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
SYS-CON Events announced today that StorPool Storage will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. StorPool is distributed storage software that allows service providers, enterprises and other cloud builders to run data storage on standard x86 servers, instead of using expensive and inefficient storage arrays (SAN).
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carriers, thus providing a global perspective of the end-user experience. Site24x7 supports monitoring H...
SYS-CON Events announced today that Intelligent Systems Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1994, Intelligent Systems Services Inc. is located near Washington, DC, with representatives and partners nationwide. ISS’s well-established track record is based on the continuous pursuit of excellence in designing, implementing and supporting nationwide clients’ mission-critical systems. ISS has completed many successful projects in Healthcare, Commercial, Manufacturing, ...
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquired by Aditi Technologies. He is a Microsoft Regional Director for Hyderabad, India, and one of the f...
SYS-CON Events announced today that Tufin, the market-leading provider of Security Policy Orchestration Solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. As the market leader of Security Policy Orchestration, Tufin automates and accelerates network configuration changes while maintaining security and compliance. Tufin's award-winning Orchestration Suite™ gives IT organizations the power and agility to enforce security policy across complex, multi-vendor enterprise networks. With more than 1...
VoxImplant has announced full WebRTC support in the newest versions of its Android SDK and iOS SDK. The updated SDKs, which enable audio and video calls on mobile devices, are now compatible with the WebRTC standard to allow any mobile app to communicate with WebRTC-enabled browsers, including Google Chrome, Mozilla Firefox, Opera, and, when available, Microsoft Spartan. The WebRTC-updated SDKs represent VoxImplant's continued leadership in simplifying the development of real-time communications (RTC) services for app developers. VoxImplant (built by Zingaya, the real-time communication servi...
SYS-CON Events announced today that kintone has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. kintone promotes cloud-based workgroup productivity, transparency and profitability with a seamless collaboration space, build your own business application (BYOA) platform, and workflow automation system.
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cloudian, Inc., is a Foster City, California - based software company specializing in cloud storage software. The main product is Cloudian, an Amazon S3-compliant cloud object storage platform, the bedrock of cloud computing systems, that enables cloud service providers and enterprises to build reliable, affordable and scalable cloud storage solu...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
SYS-CON Events announced today that SoftLayer, an IBM company, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015 at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place November 3–5, 2015 at the Santa Clara Convention Center in Santa Clara, CA. SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from ...